Intellectual capital is a type of asset that enables wealth creation among organizations. As mentioned, this asset is not of a visible and physical nature. Rather, it is an intangible asset obtained through the deployment of assets associated with human resources, organizational performance, and relationships outside the organization.
He believed that intellectual capital consists of not only knowledge and expertise but also the ability to apply them as a means to generate value. Stewart also believed that intellectual capital is a combination of knowledge, information, experiential intellectual properties, competition, and organizational learning that can be used to create wealth.
On the other hand, the literature of strategic management views innovation as a critical factor for organizations to create value, and a sustainable competitive advantage in today's complex and changing environment, resulting in better and more successful performance in the organization. Therefore, the mastery of organizational processes, procedures, customer accounts, or property rights are the sources of success in innovation.
Computer centers in therapeutic areas and hospitals need to recognize their intellectual capital and innovation in provision of services.
Role of intellectual capital on creation of innovation capabilities in HIS and computer units
In his study, Egbu investigated the role of knowledge management and intellectual capital in organizational innovation. Results showed a positive and meaningful correlation between knowledge management and factors of intellectual capital and organizational innovation. Based on the results, knowledge-based assets within the organization promote innovative actions of organization's members through involvement of their opinions and new ideas as well as incorporation of the importance of ideas and thoughts, which in turn lead to organizational innovation.
- Study Nos. 1-20!
- Los materiales cerámicos (Spanish Edition).
- Ruminations: Selected Philosophical, Historical, and Ideological Papers, Volume I!
- Inderscience Enterprises Ltd?
The results showed that human capital has a significant positive effect on a company's performance. They claimed that due to the increased investment in intellectual capital and the benefits of measuring it, organizations can assess their potential for innovation, knowledge management, and competitive ability by measuring intellectual capital.
Cohen and Kaimenakis studied the relationship between intellectual capital and performance in knowledge-based medium-sized organizations. Their research findings showed that the interaction of various categories of intellectual property in medium-sized organizations differ from large firms in certain aspects. In addition, experimental data showed that certain categories of intellectual capital have positive effect on a company's performance.
Zerenler investigated the impact of intellectual capital on innovation performance. The results indicated three types of intellectual capital employee's capital, structural capital, and customer capital which had a significantly positive relationship with innovation performance. The results of the study also showed that high growth rates in industry confirms positive relationship between these three types of intellectual capital and innovation performance. In particular, companies with higher levels of social capital and entrepreneurial orientation tend to reinforce the impact of intellectual capital on innovation.
Study results of Ghorbani et al. They studied the effect of intensive intellectual capital systems considering the index of economic complexity in 94 countries from to The obtained results confirmed that with stronger intellectual capital system, the economic complexity level and social welfare will also be higher. Using simulation equations on data from 12 countries regarding for three industries chemical, electronics, and mechanical , the result showed that intellectual capital directly affects the increase in value of the industry and indirectly affects the Research and Development R and D factor.
This conclusion proves the importance and the role of intellectual capital on the success of an organization or an industry. Comin and Manenti examined intellectual capital to predict innovation and economic growth in IT units in Europe's software industry. In general, analysis of intellectual capital in such industries focuses on patents and proprietary rights of the industry. The researchers tried to examine new and important issues in this field. The overall purpose of this project is to examine the effect of intellectual property on innovation in computer units and HIS medical centers of Isfahan in The specific objectives of the project include:.
The results of this research will help managers of medical centers to realize the current status of intellectual property in their HIS unit and consequently strive to improve the property and further enhance innovation of their center. The present study is a quantitative research with practical purpose in the form of a descriptive survey. This research studies intellectual property and innovation in computer units and HIS at Isfahan medical centers.
Study population included IT professionals and employees of HIS computer units working at 10 medical centers in Isfahan from to medical centers. In addition to incorporating available library resources including books, journals, dissertations, research projects, articles in English and Farsi, data collection also included the use of questionnaires. The data collection tools were based on the researcher questionnaire. In the first step, to determine contributing factors in intellectual-medical property, a questionnaire was distributed among specialists of new technologies at Isfahan University of Medical Sciences [ Table 1 ].
In the second stage, a questionnaire developed based on the factors of the initial step was distributed among employees of computer and medical documents units working at health centers of Isfahan. The questionnaire provided was examined by several experts and professors to assess content validity, which was approved after minor fixes. Reliability was also assessed using Cronbach's alpha coefficient 0. Then, based on a questionnaire Likert , the most important factors in computer and HIS units in hospitals were extracted.
Participants scored factors from 1 to 5 according to their importance. Indicators and primary factors are shown in Table 2. As can be concluded from the factors, many of the intellectual capital and innovation factors have been evaluated and a number of top-rated innovation factors were included in the questionnaire. T -test was also used to assess the second research objective, which was whether the innovation indicator is above average regarding intellectual capital of the population or not.
Test results determined that according to the population, importance of innovation index was significantly higher than average. T -test results are shown in Table 3.
Role of intellectual capital on creation of innovation capabilities in HIS and computer units
The third goal was finding a meaningful relationship between intellectual capital and innovation indicators in computer and HIS units in Isfahan Medical Centers. To achieve this goal, the following regression equation was applied:. Indicators of innovation in organization, x 1: Human Capital Index, x 2: Finance Capital Index, x 3: IT index and x 4: Coefficients a 1 , a 2 , a 5 set according to existing data. Notably, according to the survey, there was no intuitive correlation between disease index and innovation, so the patient's index was not included in the above equation.
According to the regression equation, it was found that human capital, financial, process, and IT indicators have a positive impact on organization innovation index.
- Shahnameh: The Persian Book of Kings.
- Aubreys First Day of School (I am a STAR Personalized Book Series 1).
- Contact information of Inderscience Enterprises Ltd;
- If Your Mind Wanders at Mass.
- How to Increase Your Metabolism!
The effect of human capital and organizational process indicators was significant and financial, and IT indicators had no significant impact on the innovation index. In other words, it is believed that the effects of finance and IT indices on innovation index are low for a desired population. ANOVA test output in the study of the impact of information technology on innovation index.
Coefficients in the test output to determine the impact of information technology on innovation index. Innovative organizations achieve success through their employees and organizations are bound to the dynamicity and creativeness of their members. Obviously, innovation with impact on the performance of organization will increase financial capitals. In fact, there is a two-way relationship between these two indicators which may improve or weaken an organization.
Factors such as support of new procedures in the organization reinforce the desire to provide higher quality services or increase organization's capabilities and open the way to new methods and products.
Similar to all other researches, the human resources index is included in all of the common results. Other indicators are different considering which study was conducted in which society. Innovation is knowledge-based process and is the product of knowledge and intellectual capital. It can be said that organizations with an appropriate level of intellectual capital are more innovative. This is due to the fact that learning occurs more in such organizations because of the intellectual capital and use of knowledge.
This, in turn, results in solutions for problems and provides new and nonmimetic solutions for practices and innovation in general. Since the life cycle of products and services are rapidly shortening and new technologies are born with ever-increasing speeds, IT could be important at different stages of organizational innovation management.
Use of information technology can play a crucial role in the creation and formation of new ideas and resulting creativity and innovation in the organization. This article has conflicts of interest from mentioned research center. General contact details of provider: Abiola Adebowale Intellectual capital and environmental sustainability measurement nexus: Bharathi Kamath Intellectual capital and firm performance in India: Rao On the link between human capital, innovation and performance: Oluwale Redefining, measuring and disclosure of faculty intellectual capital by Angus O.
Unegbu Competition, intellectual capital efficiency and firms' performance outcome in India: Luisa Sein-Echaluce Investigating intellectual capital dynamics: Isa Managing intellectual capital through a proper building configuration by Rianne Appel-Meulenbroek Understanding the nature of knowledge: Olamade The Singapore learning society: Cazarini Vertical integration: Tomorrow's asset by P. Frank Chen Organisational learning, climate change and the tragedy of the commons in China by John B. Ding The pathway on implementation of total innovation management:
Related The Bank for International Ideas from Intellectual Capital to Intellectual Property
Copyright 2019 - All Right Reserved